Mon, February 3

Binance U.S Introduces Binance Pay Service For U.S Users

After being available to clients outside the United States since 2021. Binance US has now implemented the Binance Pay service for cryptocurrency transactions. Mobile users of the Binance app in the U.S may quickly trade roughly 150 supported cryptocurrencies without fees. The service went into beta internationally in February 2021

December 14, 2022 2 mins read

Binance CEO CZ Calls Huge Withdrawals Business as Usual

On Monday, reports surfaced that the U.S. Department of Justice (DOJ) is weighing whether or not to file criminal charges against Binance and its officials for money laundering. This has led to significant withdrawals. And high levels of user activity on the cryptocurrency market during the last two days. The

December 14, 2022 2 mins read

Canada Issues New Stringent Guidelines For Crypto Exchanges

If they want to operate in Canada, cryptocurrency exchanges will have to comply with stricter regulations. Such as a prohibition on margin and leverage trading. The Canadian Securities Administrators (CSA) released new guidelines on Monday. That requires firms to keep their customers’ assets separate from their own. In August, organizations

December 13, 2022 1 min read

Binance Withdrawals Surge after the FUD on its Proof of Reserve Report

The world’s largest cryptocurrency exchange by trading volume, Binance, flooded with withdrawals on Monday following several news stories about the controversy among the Department of Justice (DOJ) charges. In addition, Binance native token BNB has experienced significant declines in its market cap.  According to the CoinDesk report, Binance’s net outflows

December 13, 2022 1 min read

Coinbase Shares Plummet to All-time Low Amid Market Conditions

Last week, Brian Armstrong, CEO of cryptocurrency exchange Coinbase, predicted that the company’s income for 2022 will be “50% or less” than that of 2021. COIN hit a new low of $39.65 at the start of trading this Monday. The price has fallen 60% from its all-time high of $98

December 13, 2022 1 min read

Crypto Exchange Bybit Provides Merkle Tree-based Proof of Reserves

Bybit, another major cryptocurrency exchange, has joined the chorus of its peers calling for more openness in the wake of the FTX disaster. Its Merkle Tree-based proof-of-reserve technology was disclosed to the public on December 12. Through this new endeavor, Bybit’s users will be able to independently check the exchange’s

December 12, 2022 2 mins read

Binance Refutes Money Laundering Charges Replying to Reuters

The biggest cryptocurrency exchange by trading volume, Binance, has replied to a Reuters piece saying the U.S. Department of Justice (DOJ) uncovered solid evidence of breaking U.S. sanctions, namely anti-money laundering laws. Binance has responded to Reuters’ allegations. By saying that their platform is well-protected against any instances of money

December 12, 2022 2 mins read

Crypto Exchange OKCoin Japan Lists Shiba Inu (SHIB)

OKCoin Japan, a major exchange in the country and a branch of the global digital asset business OK Group, has announced that it would be listing Shiba Inu (SHIB) three days after first hinting at doing so. OK Group is a leader in blockchain technology development and service provision. OKCoin,

December 12, 2022 2 mins read

Binance Labs Leads Funding in Web3 Security Firm GoPlus Security

Binance Labs, the venture capital arm of the biggest cryptocurrency exchange in the world, has announced it would lead a private round II for GoPlus Security. A move that is in line with the company’s aggressive investment ambitions despite the current bear market. Not much is known about the investment’s

December 12, 2022 1 min read

Binance Proof of Reserve Report Revealed Warning Signals

Despite the world’s largest centralized cryptocurrency exchange Binance’s efforts to boost transparency, its reserves also revealed warning signs in the exchange’s finances. Binance has lack information regarding the exchange’s business structure and its funds are still a mystery, as per the WSJ report.  Last month, Binance partnered with the global

December 12, 2022 1 min read
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